|Day's Range||29,051.850 - 29,446.770|
|52 Week Range||24,540.631 - 31,978.141|
Men have a "very key" and crucial role to play in addressing gender imbalance, says Sanjeev Chatrath, who is part of The Women's Foundation's Male Allies initiative in Hong Kong. He also says it is important to utilize technology such that it can help female business leaders.
Contracts for the S&P 500, Dow Jones Industrial and Nasdaq indexes edged lower as the Stoxx Europe 600 Index extended losses from a day earlier. Asian equities bucked the trend, with the region’s benchmark gauge advancing even as Hong Kong shares fell and Japan’s markets were closed for a holiday. The yuan rose after China’s central bank set the currency’s daily fixing at the highest since July.
Traders woke up to Federal Reserve Chairman Jerome Powell’s comments that the central bank would keep interest rates on hold for “some time” as global risks weigh on the U.S. economy and inflation remains muted. It’s the most intense day for earnings in Hong Kong since October 2017, with the benchmark gauge on the brink of a bull market and traders looking for any signs the good times will continue to roll. Tencent, the biggest component of Asia’s benchmark index, comes into its latest report on a wave of investor optimism.
U.S. negotiators are worried China is pushing back against American demands in the trade talks, according to people familiar with the discussions. Let’s start in Hong Kong, where the local dollar has emerged as one of the losers amid the screaming rally in Chinese stocks this year. Investors are selling the currency for the yuan and buying mainland shares, according to strategists at Bank of America Merrill Lynch.
A rally in equities sputtered out after a report that U.S. and Chinese negotiators remain at odds on aspects of their current trade talks. Treasury yields narrowed and Texas crude declined. The S&P 500 Index ended the session little changed Tuesday on word that Trump administration officials are concerned that China is pushing back against U.S. demands.
FOMC meeting in sharp focus, Brexit Blocked, markets flat but big moves are in store.
Another FOMC meeting comes into focus while traders wait anxiously for news on U.S./China trade talks.
The Pound was the leader of the pack, with a vote against a no-deal departure and a Brexit extension providing much-needed support.
No-Deal Brexit is off the table, at least that’s what the UK says, but it may not matter. If the EU doesn’t agree the UK may have no choice.
The pound jumped as the U.K. parliament voted to reject a no-deal Brexit. The S&P 500 Index climbed for a third day, wiping out last week’s losses and reaching a four-month high as it held above the key 2,800 level. The U.S. data signaled a positive start to the year for the world’s biggest economy and little pressure on the Federal Reserve to raise interest rates, just as investors were digesting disappointing numbers from Japan and Australia.
May’s Brexit deal gets voted down again, now lawmakers must decide what to do next and that decision will move the market.
The city’s two main benchmarks are hardly doing badly, but gauges on the mainland -- after a grim 2018 -- are eclipsing them and just about every other worldwide. While onshore shares slid on Wednesday in a volatile trading day, the renewed enthusiasm for yuan-denominated stocks means the Hang Seng Index is lagging the Shanghai Composite this quarter by the most since 2015. The gap in performance has widened enough to make A shares pricier than stocks in Hong Kong for the first time since October.
U.S. stocks capped a second day of gains, while Treasuries rallied after weak inflation data bolstered bets the Federal Reserve can stay patient. The pound fell as the U.K.’s Brexit turmoil deepened. While the S&P 500 Index pushed its two-day gain to 1.8 percent, Brexit and renewed turmoil for Boeing dominated headlines throughout the day.
Theresa May secured legally binding changes to the Irish Backstop but the AG says its not enough to protect the UK.
US stocks rose for a second consecutive day, while US Treasuries also rallied, as investors digested a weak inflation reading and news that UK’s parliament defeated Prime Minister Theresa May’s revised ...
An emerging markets index under MSCI could surge as much as 8 percent by the end of this year, Morgan Stanley predicted in a Monday report.
Risk appetite jumped early Tuesday as speculative buyers reacted positively to the news that U.K. Prime Minister Theresa May might be closer to securing approval for her Brexit deal.
U.S. stocks jumped the most in six weeks as chipmakers rallied on deal news and the latest retail-sales data boosted confidence that the economy isn’t headed for a downturn. Treasuries slipped. It is the biggest component of the price-weighted Dow Jones Industrial Average and the only of the 30 blue chips to retreat.
Trading on the MSCI Asia Pacific Index ballooned to a 44 billion shares on Feb. 25, surpassing the previous record of 32.6 billion reached in May 2009, according to data compiled by Bloomberg going back more than two decades. The influx of trading appears to be largely concentrated in Hong Kong and China, with volume in both markets hitting highs at the end of February. The CSI 300 Index saw volume of almost 36 billion on Feb. 26, the highest since November 2015, and Hang Seng Index trading has stayed elevated since hitting 3.6 billion shares in February.
While Dollar strength kicked in this morning, today’s retail sales figures and sentiment towards Brexit and trade talks will be key.
(Bloomberg) -- Stock markets across Asia sank as concerns surrounding global growth mounted, with the region’s benchmark index set for its biggest plunge of the year. Chinese shares plunged the most as traders took a sell rating from the nation’s largest brokerage as a sign that the government wants to slow down the rally.
Major Chinese stocks saw out the week with their biggest one-day fall since October, after a policy pivot from the European Central Bank set off concerns about global growth while China itself reported some muted trade numbers. almost 21 per cent in February compared with a year ago. Adding to investor nerves: a maximum fall of 10 per cent for People’s Insurance Company Group after analysts at brokerage Citic Securities issued a rare “sell” rating on the company.